Sectors & IndustriesTechnology
Best Tech Stocks to Buy Now (2024)
Top tech stocks in 2024 ranked by overall Zen Score. See the best tech stocks to buy now, according to analyst forecasts for the technology sector.

Sector: Technology

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
CPTN	CEPTON INC	$47.60M	N/A	-54.20%	-73.97%	-102.60%	-0.42	9.00	27.20%	-371.80%	-393.09%
BKSY	BLACKSKY TECHNOLOGY INC	$179.90M	-54.90%	-23.80%	-22.32%	-18.70%	1.41	2.89	64.20%	-57.00%	-46.44%
SSTI	SOUNDTHINKING INC	$173.13M	-4.20%	-2.20%	-1.86%	-15.50%	0.86	0.67	56.90%	-2.90%	-1.58%
STEM	STEM INC	$291.88M	-29.30%	-9.90%	-11.30%	-13.60%	2.18	1.88	0.80%	-30.40%	-27.09%
VERX	VERTEX INC	$4.51B	-5.70%	-1.80%	-5.49%	160.20%	2.00	0.61	60.90%	-2.30%	-3.06%
FSLY	FASTLY INC	$1.77B	-13.40%	-8.30%	-9.27%	-12.70%	0.52	3.83	53.50%	-25.30%	-24.60%
BMBL	BUMBLE INC	$1.83B	-0.30%	-0.10%	0.72%	3.90%	0.79	2.01	70.70%	-0.40%	2.33%
ASAN	ASANA INC	$3.45B	-76.70%	-26.70%	-41.93%	-43.80%	1.95	1.80	90.10%	-39.40%	-38.22%
LYFT	LYFT INC	$6.34B	-76.50%	-7.60%	-19.06%	-22.90%	7.43	0.87	42.20%	-7.70%	-6.94%
VERB	VERB TECHNOLOGY COMPANY INC	$11.50M	-1,147.30%	-156.50%	-569.73%	1,039.00%	2.47	0.65	69.80%	-35,171.40%	-33,017.46%
AXTI	AXT INC	$127.88M	-8.50%	-5.10%	-5.84%	-5.60%	0.44	2.09	17.60%	-23.60%	-21.37%
PYCR	PAYCOR HCM INC	$3.07B	-6.60%	-3.20%	-6.29%	-34.40%	1.20	1.06	66.20%	-13.80%	-14.21%
BB	BLACKBERRY LTD	$1.67B	-15.80%	-8.50%	-10.20%	-55.40%	0.80	1.43	61.00%	-15.20%	-12.43%
BMR	BEAMR IMAGING LTD	$72.30M	-14.20%	-7.90%	-8.36%	-29.20%	0.12	6.70	96.70%	-23.90%	-30.18%
ASUR	ASURE SOFTWARE INC	$190.45M	-5.40%	-2.20%	-2.37%	-10.00%	1.32	1.11	71.80%	-7.70%	-4.04%
MMAT	META MATERIALS INC	$21.19M	-270.70%	-224.90%	-1,267.86%	-921.30%	1.52	0.74	58.90%	-4,999.40%	-5,036.59%
OCFT	ONECONNECT FINANCIAL TECHNOLOGY CO LTD	$78.76M	-11.80%	-4.30%	-11.10%	-29.40%	1.73	1.06	36.80%	-9.90%	-9.06%
MVIS	MICROVISION INC	$289.00M	-84.30%	-61.60%	-74.86%	-135.10%	0.35	4.23	61.80%	-1,141.20%	-1,125.44%
SOS	SOS LTD	$9.27M	-43.90%	-39.50%	-57.85%	-87.70%	0.10	10.59	-6.00%	-104.00%	-103.93%
WEAV	WEAVE COMMUNICATIONS INC	$771.24M	-39.40%	-15.10%	-22.51%	-19.30%	1.55	1.78	68.10%	-18.20%	-16.92%
AMBA	AMBARELLA INC	$1.87B	-28.70%	-24.70%	-25.85%	-126.60%	0.18	3.38	60.40%	-74.80%	-65.58%
ITI	ITERIS INC	$194.80M	3.80%	2.10%	3.92%	12.20%	0.72	1.79	36.20%	1.40%	1.80%
AMST	AMESITE INC	$9.03M	-64.80%	-62.00%	-83.92%	22,863.10%	0.04	21.92	100.00%	-849.50%	-849.47%
INST	INSTRUCTURE HOLDINGS INC	$2.82B	-2.70%	-1.60%	0.20%	1.00%	0.68	1.25	64.90%	-6.40%	0.70%
AMPL	AMPLITUDE INC	$1.18B	-31.00%	-21.00%	-29.56%	-137.10%	0.47	2.87	74.00%	-32.70%	-32.25%
BSY	BENTLEY SYSTEMS INC	$15.30B	46.20%	10.20%	8.73%	14.50%	2.76	0.55	78.30%	26.60%	18.18%
AZPN	ASPEN TECHNOLOGY INC	$12.40B	-0.70%	-0.60%	-1.00%	-14.20%	0.11	1.91	63.80%	-8.20%	-13.16%
CEVA	CEVA INC	$468.18M	-4.60%	-3.90%	-0.59%	-0.90%	0.15	7.79	88.00%	-12.20%	-1.69%
CRDO	CREDO TECHNOLOGY GROUP HOLDING LTD	$2.82B	-8.60%	-7.60%	-6.29%	-11.20%	0.11	12.72	59.70%	-20.60%	-21.13%
CWAN	CLEARWATER ANALYTICS HOLDINGS INC	$3.87B	-6.80%	-4.10%	-5.82%	-11.00%	0.42	5.15	70.90%	-5.90%	-7.55%
DAY	DAYFORCE INC	$9.11B	2.20%	0.60%	3.39%	7.00%	3.43	1.07	43.90%	3.30%	8.01%
DGII	DIGI INTERNATIONAL INC	$1.11B	3.00%	1.90%	5.35%	12.30%	0.53	2.35	57.00%	3.60%	9.18%
VICR	VICOR CORP	$1.42B	5.30%	4.80%	6.37%	10.90%	0.14	6.68	52.00%	7.10%	8.81%
FIVN	FIVE9 INC	$4.27B	-17.90%	-5.80%	-5.41%	-4.30%	1.78	5.53	52.50%	-9.00%	-7.88%
APPN	APPIAN CORP	$2.70B	-140.40%	-18.00%	-35.26%	-24.60%	10.99	1.12	73.70%	-20.40%	-16.57%
GDS	GDS HOLDINGS LTD	$1.60B	-20.30%	-5.70%	-3.43%	-2.30%	2.88	1.32	19.30%	-43.60%	-22.78%
HUBS	HUBSPOT INC	$30.71B	-15.20%	-6.30%	-7.28%	-7.20%	1.33	1.96	84.10%	-8.10%	-7.09%
KLTR	KALTURA INC	$177.64M	-136.40%	-25.10%	-46.11%	-57.10%	5.06	1.12	64.10%	-26.50%	-22.07%
VS	VERSUS SYSTEMS INC	$3.61M	-77.30%	-122.40%	-230.69%	-9,820.50%	0.03	15.14	62.00%	-3,876.60%	-3,876.61%
LUNA	LUNA INNOVATIONS INC	$75.90M	-2.30%	-1.40%	-0.40%	-0.50%	0.75	2.86	59.00%	-1.80%	-0.45%
SYTA	SIYATA MOBILE INC	$1.66M	-111.70%	-80.70%	-119.79%	-261.50%	0.60	1.24	32.30%	-157.10%	-146.84%
ISUN	ISUN INC	$6.82M	-103.30%	-27.90%	-56.40%	-54.20%	4.08	0.89	18.70%	-20.30%	-18.48%
LGL	LGL GROUP INC	$30.63M	0.70%	0.70%	1.38%	11.80%	0.03	87.69	78.40%	7.30%	15.50%
ARQQ	ARQIT QUANTUM INC	$75.23M	-97.00%	-62.90%	-96.28%	-269.50%	0.50	3.22	100.00%	-10,998.90%	-10,976.56%
SMSI	SMITH MICRO SOFTWARE INC	$21.36M	-32.50%	-26.30%	-22.95%	-147.80%	0.14	2.21	74.20%	-59.70%	-43.77%
MX	MAGNACHIP SEMICONDUCTOR CORP	$187.86M	-10.10%	-8.20%	-12.51%	-20.80%	0.22	5.23	22.40%	-15.90%	-20.31%
NEON	NEONODE INC	$37.32M	-44.80%	-41.30%	-58.25%	-263.30%	0.11	10.16	-2.10%	-227.50%	-224.95%
SMAR	SMARTSHEET INC	$5.29B	-18.90%	-8.70%	-14.98%	-45.00%	1.21	1.34	80.50%	-10.90%	-10.03%
RVYL	RYVYL INC	$8.57M	N/A	-44.90%	-114.72%	-785.00%	4.48	1.05	39.00%	-80.60%	-75.11%
RGTI	RIGETTI COMPUTING INC	$208.13M	-63.90%	-44.50%	-52.98%	-45.80%	0.46	3.71	76.70%	-625.50%	-577.35%
WKME	WALKME LTD	$703.29M	-23.50%	-13.20%	-23.03%	-52.80%	0.71	2.11	83.40%	-22.20%	-25.20%
STM	STMICROELECTRONICS NV	$34.97B	23.10%	15.70%	18.37%	21.00%	0.46	3.34	46.20%	22.30%	23.83%
WRNT	WARRANTEE INC	$7.26M	-232.80%	18.40%	44.98%	25.70%	65.34	0.06	99.10%	17.00%	18.46%
DSP	VIANT TECHNOLOGY INC	$516.21M	-3.00%	-0.50%	-4.25%	-12.70%	1.90	3.24	100.00%	-0.80%	-5.33%
ANY	SPHERE 3D CORP	$17.80M	-80.10%	-37.30%	-57.72%	-48.10%	0.20	2.53	27.20%	-106.80%	-106.24%
AOSL	ALPHA & OMEGA SEMICONDUCTOR LTD	$595.83M	-1.90%	-1.40%	-1.24%	-1.40%	0.32	2.52	26.60%	-2.70%	-1.97%
DUOT	DUOS TECHNOLOGIES GROUP INC	$22.29M	-223.30%	-84.20%	-117.08%	-103.90%	1.39	1.93	17.50%	-150.50%	-150.37%
PAR	PAR TECHNOLOGY CORP	$1.18B	-20.40%	-8.60%	-8.42%	-12.50%	1.41	2.25	23.60%	-16.80%	-14.63%
ONTF	ON24 INC	$285.05M	-23.50%	-16.10%	-27.52%	-27.70%	0.56	2.64	71.70%	-31.60%	-30.97%
ESTC	ELASTIC NV	$10.66B	11.40%	3.10%	-7.03%	-12.10%	1.91	1.87	73.90%	4.60%	-7.72%
NTGR	NETGEAR INC	$443.14M	-18.20%	-11.60%	-3.28%	-4.00%	0.58	2.83	33.60%	-14.10%	-2.58%
VNET	VNET GROUP INC	$439.82M	-41.40%	-9.00%	-11.70%	-7.90%	3.97	0.86	17.40%	-35.70%	-29.91%
NTWK	NETSOL TECHNOLOGIES INC	$29.27M	-6.00%	-3.60%	-0.75%	-1.40%	0.55	2.25	40.30%	-3.70%	-0.53%
PERF	PERFECT CORP	$234.25M	3.30%	2.80%	3.71%	8.00%	0.24	5.52	80.40%	9.60%	9.51%
REFR	RESEARCH FRONTIERS INC	$53.28M	-46.20%	-42.00%	-53.41%	-70.90%	0.10	12.89	100.00%	-209.80%	-209.80%
SPT	SPROUT SOCIAL INC	$2.81B	-45.60%	-18.60%	-29.24%	-59.70%	1.75	1.08	77.10%	-19.90%	-18.89%
QUBT	QUANTUM COMPUTING INC	$68.98M	-38.60%	-34.30%	-36.33%	-1,938.40%	0.08	0.69	45.40%	-8,303.60%	-7,520.19%
SSYS	STRATASYS LTD	$674.97M	-13.50%	-10.30%	-12.56%	-18.30%	0.28	3.18	42.50%	-19.60%	-19.17%
PI	IMPINJ INC	$4.29B	-11.80%	-1.50%	-0.32%	-0.20%	3.82	9.42	48.90%	-1.90%	-0.40%
WYY	WIDEPOINT CORP	$17.78M	-25.50%	-8.10%	-18.51%	-59.50%	2.50	1.04	14.80%	-3.80%	-3.46%
OUST	OUSTER INC	$378.24M	-163.80%	-101.80%	-146.27%	-152.60%	0.84	3.22	10.00%	-449.20%	-437.43%
SPWR	SUNPOWER CORP	$364.75M	-24.20%	-7.60%	-16.39%	-11.50%	2.42	1.07	18.70%	-6.60%	-5.22%
INVE	IDENTIV INC	$116.89M	-7.40%	-5.00%	-6.20%	-8.50%	0.48	2.58	36.20%	-4.70%	-4.21%
CLBT	CELLEBRITE DI LTD	$2.21B	-251.30%	-17.60%	11.91%	40.50%	14.58	1.66	83.60%	-24.90%	10.22%
ICG	INTCHAINS GROUP LTD	$456.13M	-2.80%	-2.80%	-3.74%	-15.70%	0.03	28.32	11.00%	-32.60%	-43.24%
GNSS	GENASYS INC	$94.66M	-53.10%	-37.70%	-32.47%	-60.30%	0.40	2.34	45.40%	-53.30%	-36.12%
MOB	MOBILICOM LTD	$5.47M	-47.50%	-37.20%	-56.00%	-572.20%	0.41	3.81	59.40%	-208.10%	-202.78%
SCKT	SOCKET MOBILE INC	$8.15M	-10.00%	-6.80%	-14.03%	-13.30%	0.48	1.65	49.70%	-11.30%	-18.32%
LITE	LUMENTUM HOLDINGS INC	$2.93B	-19.40%	-5.90%	-5.69%	-4.90%	2.64	3.13	23.80%	-18.50%	-15.81%
ZUO	ZUORA INC	$1.45B	-57.30%	-9.30%	-12.24%	-16.10%	5.16	2.43	66.00%	-15.80%	-15.44%
TWKS	THOUGHTWORKS HOLDING INC	$748.74M	-8.80%	-5.20%	-1.45%	-2.80%	0.72	2.69	31.40%	-6.10%	-1.50%
TGAN	TRANSPHORM INC	$304.94M	-197.70%	-114.90%	-163.83%	-168.10%	0.79	1.69	18.70%	-222.30%	-176.91%
RCAT	RED CAT HOLDINGS INC	$112.17M	-56.70%	-51.50%	-56.43%	-113.30%	0.12	5.35	10.50%	-206.40%	-205.82%
GDDY	GODADDY INC	$17.42B	-283.60%	19.70%	11.92%	19.60%	120.62	0.47	63.00%	32.30%	13.68%
LAES	SEALSQ CORP	$20.33M	-124.70%	-13.20%	-12.25%	-9.60%	4.55	2.33	46.70%	-10.90%	-7.83%
FOUR	SHIFT4 PAYMENTS INC	$4.99B	19.10%	3.10%	4.28%	5.20%	3.86	1.64	26.80%	3.40%	4.48%
AIRG	AIRGAIN INC	$54.62M	-34.90%	-26.40%	-38.15%	-133.40%	0.34	1.91	37.10%	-22.20%	-21.95%
TYGO	TIGO ENERGY INC	$65.66M	-14.00%	-5.70%	7.17%	13.30%	1.03	3.96	35.30%	-3.00%	5.01%
XPER	XPERI INC	$463.96M	-32.40%	-20.30%	-24.89%	-47.80%	0.71	1.92	77.20%	-26.20%	-24.28%
WATT	ENERGOUS CORP	$8.21M	-117.70%	-86.90%	-160.66%	4,912.90%	0.45	3.25	41.10%	-4,084.20%	-4,084.23%
SILC	SILICOM LTD	$101.85M	-14.50%	-12.60%	-17.63%	-21.50%	0.13	10.49	23.10%	-21.30%	-21.99%
RMNI	RIMINI STREET INC	$248.08M	-46.40%	7.10%	81.51%	340.30%	-10.97	0.86	62.30%	6.00%	10.84%
WKEY	WISEKEY INTERNATIONAL HOLDING SA	$16.66M	-102.40%	-61.40%	-144.72%	-178.40%	1.09	1.49	47.80%	-131.30%	-141.17%
MITQ	MOVING IMAGE TECHNOLOGIES INC	$5.67M	-26.50%	-15.50%	-31.46%	-131.10%	0.75	2.19	25.80%	-10.80%	-11.56%
BLBX	BLACKBOXSTOCKS INC	$8.68M	-76.20%	-56.90%	-61.40%	-73.00%	0.35	0.45	46.40%	-150.20%	-150.15%
MQ	MARQETA INC	$2.83B	-16.70%	-13.40%	-18.40%	-99.40%	0.28	4.13	48.70%	-33.00%	-34.10%
BTDR	BITDEER TECHNOLOGIES GROUP	$615.81M	-17.70%	-9.00%	N/A	-9.00%	0.92	N/A	21.10%	-15.40%	-13.83%
BIGC	BIGCOMMERCE HOLDINGS INC	$446.58M	-242.30%	-14.30%	-16.55%	-10.60%	16.39	4.83	76.00%	-20.90%	-19.97%
TAOP	TAOPING INC	$3.18M	-6.20%	-2.30%	-0.86%	-0.60%	1.57	1.26	22.90%	-1.80%	-0.28%
CLPS	CLPS INC	$24.59M	-3.80%	-2.30%	-2.43%	-3.30%	0.63	2.26	21.90%	-1.80%	-1.19%

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	65	-0.49%	+4.00%	-2.70%	-11.89%	11.37x	2.63x	+69.12%	+9.27%	+17.45%	+22.46%	Buy
Computer Hardware	38	-7.27%	-1.08%	-18.98%	+127.89%	34.70x	13.17x	-27.45%	+9.84%	+18.53%	+28.80%	Buy
Consumer Electronics	18	-0.09%	+0.79%	-1.64%	-7.22%	24.45x	20.75x	+149.61%	+28.21%	+53.04%	+24.49%	Buy
Electronic Components	44	-0.55%	+0.19%	-4.13%	+12.51%	26.60x	3.50x	+20.91%	+9.53%	+14.93%	+17.12%	Buy
Electronics & Computer Distribution	10	-2.16%	-3.33%	-4.61%	+30.12%	12.60x	1.31x	+12.21%	+3.91%	+12.62%	+6.41%	Hold
Information Technology Services	66	-0.54%	-2.71%	-7.76%	+9.88%	26.25x	4.40x	+24.77%	+8.20%	+16.59%	+19.92%	Buy
Scientific & Technical Instruments	33	+0.93%	+2.78%	-4.14%	+2.19%	13.88x	3.13x	+9.49%	+6.51%	+9.35%	+9.93%	Buy
Semiconductor Equipment & Materials	29	-2.66%	-1.04%	-9.73%	+43.71%	35.84x	10.95x	+51.03%	+18.27%	+30.81%	+17.21%	Buy
Semiconductors	69	-3.63%	+0.44%	-7.71%	+32.21%	52.49x	7.55x	+52.10%	+30.02%	+33.81%	+20.46%	Buy
Software - Application	252	-0.25%	-3.79%	-10.14%	+20.74%	85.72x	6.35x	+6.21%	+4.22%	+7.06%	+24.31%	Buy
Software - Infrastructure	138	+0.23%	-2.35%	-6.41%	+16.03%	69.87x	11.04x	-39.05%	+15.05%	+24.40%	+22.66%	Buy
Solar	23	-0.53%	+0.30%	-8.87%	-48.51%	29.03x	2.42x	+12.55%	+7.80%	+12.04%	+38.77%	Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in May 2024?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. Logitech International Sa (NASDAQ:LOGI)

Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 72, which is 42 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 29.57% over the past year, overperforming other tech stocks by 10 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 18.76% from Logitech International Sa's current stock price of $79.01.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

2. Full Truck Alliance Co (NYSE:YMM)

Full Truck Alliance Co (NYSE:YMM) is the second best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 31.08% over the past year, overperforming other tech stocks by 12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -29.58% from Full Truck Alliance Co's current stock price of $8.52.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Exlservice Holdings (NASDAQ:EXLS)

Exlservice Holdings (NASDAQ:EXLS) is the third best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Exlservice Holdings has seen its stock lose -17.17% over the past year, underperforming other tech stocks by -36 percentage points.

Exlservice Holdings has an average 1 year price target of $37.00, an upside of 27.28% from Exlservice Holdings's current stock price of $29.07.

Exlservice Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Exlservice Holdings, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the tech stocks with highest dividends?

Out of 119 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. Virnetx Holding (NYSE:VHC)

Virnetx Holding (NYSE:VHC) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 4.53%. Virnetx Holding's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Virnetx Holding's dividend has shown consistent growth over the last 10 years.

Virnetx Holding's dividend payout ratio of -256.7% indicates that its dividend yield might not be sustainable for the long-term.

2. Wisekey International Holding Sa (NASDAQ:WKEY)

Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 153.01%, which is 148 percentage points higher than the tech sector average of 4.53%.

Wisekey International Holding Sa's dividend payout ratio of -36.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Clearone (NASDAQ:CLRO)

Clearone (NASDAQ:CLRO) has an annual dividend yield of 145.63%, which is 141 percentage points higher than the tech sector average of 4.53%. Clearone's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of -5,000% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -1.21% in the last day, and down -1.7% over the last week. Cemtrex was the among the top losers in the technology sector, dropping -73.25% yesterday.

Cemtrex shares are trading lower after the company announced pricing of a $10 million upsized underwritten public offering.

What are the most undervalued tech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tech stocks right now are:

1. Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies (NASDAQ:ACLS) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Axcelis Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -17.38% in the past year. It has underperformed other stocks in the tech sector by -37 percentage points.

2. Himax Technologies (NASDAQ:HIMX)

Himax Technologies (NASDAQ:HIMX) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -24.58% in the past year. It has underperformed other stocks in the tech sector by -44 percentage points.

3. International Money Express (NASDAQ:IMXI)

International Money Express (NASDAQ:IMXI) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. International Money Express has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -21.86% in the past year. It has underperformed other stocks in the tech sector by -41 percentage points.

Are tech stocks a good buy now?

40% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 21.59% over the next year.

What is the average p/e ratio of the technology sector?

The average P/E ratio of the technology sector is 52.33x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.